Africa
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News
Global partners invest US$ 45mn to boost African vaccine production
DAKAR, December 28, 2024: In significant efforts to strengthen public health and improve vaccine access in Africa, the U.S. International Development Finance Corporation, the African Development Bank, and the International Finance Corporation…
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Afreximbank and Ecobank partner to simplify trade and compliance for African businesses
CAIRO, December 24, 2024 — African Export-Import Bank [Afreximbank] and Ecobank Group have embarked on a collaboration aimed at simplifying trade and compliance for businesses in Africa by integrating Ecobank’s Single Market…
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UNDP Advocates African Coffee Sector Transformation Amid Looming EUDR Deadline
NEW YORK, December 23, 2024: The EU Deforestation Regulation [ EUDR ] has put commodity producing countries under pressure, with many working hard to find ways to comply. UNDP is encouraging governments…
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Museveni launches AfCFTA implementation strategy for Uganda, commissions free zones export facility in Entebbe
ENTEBBE, December 20, 2024 – President Yoweri Museveni early this week, 2024 commissioned the free zones export facility at Entebbe International Airport and also launched the African Continental Free Trade Area [AfCFTA]…
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African Development Bank’s Adesina Wins Inaugural ‘African of the Decade’ Award
RABAT, December 15, 2024 — In a milestone celebration of African leadership, Dr. Akinwumi Adesina’s decade-long impact on continental development has earned him the inaugural “African of the Decade” award. The African…
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AfDB Group to extend facilities worth US$ 200mln and ZAR 3.6bln to Standard Bank Group to increase trade in Africa and support SMEs
PRETORIA, December 13, 2024 — The Board of Directors of the African Development Bank Group [AfDB] has approved two financial facilities for South-Africa based Standard Bank Group to support economic development in…
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Odrek Rwabogo inaugurates new coffee factory in Bugisu
MBALE, December 11, 2024 – The Chairman of the Presidential Advisory Committee on Exports and Industrial Development [PACEID], Odrek Rwabwogo, recently inaugurated the Balambuli Kwigatte Coffee [BKC] Factory and the Elgon Production…
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Standard Chartered explores sale of retail banking businesses in Uganda, others
KAMPALA, November 28, 2024 – Standard Chartered PLC is exploring the potential sale of its Wealth & Retail Banking [WRB] operations in Uganda, Botswana, and Zambia. The bank plans to refocus its…
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Uganda poised to benefit from COMESA electricity trade initiative
KAMPALA, November 27, 2024 – Uganda is set to gain from a lucrative electricity trade deal involving at least 15 countries through the Eastern Africa Power Pool [EAPP], an intergovernmental initiative aimed…
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Africa must strengthen accountability and governance to prosper – Botswana President Duma Boko
GABORONE, November 25, 2024 — Africa’s economic success and sustainability are intrinsically linked to accountable governance, Botswana’s President, Duma Boko, stressed at the opening of the 2024 African Economic Conference in Gaborone.…
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